Correlation Between Loomis Sayles and Issachar Fund
Can any of the company-specific risk be diversified away by investing in both Loomis Sayles and Issachar Fund at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Loomis Sayles and Issachar Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Loomis Sayles Growth and Issachar Fund Class, you can compare the effects of market volatilities on Loomis Sayles and Issachar Fund and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Loomis Sayles with a short position of Issachar Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Loomis Sayles and Issachar Fund.
Diversification Opportunities for Loomis Sayles and Issachar Fund
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Loomis and Issachar is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Growth and Issachar Fund Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Issachar Fund Class and Loomis Sayles is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Loomis Sayles Growth are associated (or correlated) with Issachar Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Issachar Fund Class has no effect on the direction of Loomis Sayles i.e., Loomis Sayles and Issachar Fund go up and down completely randomly.
Pair Corralation between Loomis Sayles and Issachar Fund
Assuming the 90 days horizon Loomis Sayles Growth is expected to generate 0.75 times more return on investment than Issachar Fund. However, Loomis Sayles Growth is 1.33 times less risky than Issachar Fund. It trades about 0.15 of its potential returns per unit of risk. Issachar Fund Class is currently generating about 0.08 per unit of risk. If you would invest 2,214 in Loomis Sayles Growth on June 9, 2025 and sell it today you would earn a total of 169.00 from holding Loomis Sayles Growth or generate 7.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Loomis Sayles Growth vs. Issachar Fund Class
Performance |
| Timeline |
| Loomis Sayles Growth |
| Issachar Fund Class |
Loomis Sayles and Issachar Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Loomis Sayles and Issachar Fund
The main advantage of trading using opposite Loomis Sayles and Issachar Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Loomis Sayles position performs unexpectedly, Issachar Fund can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Issachar Fund will offset losses from the drop in Issachar Fund's long position.| Loomis Sayles vs. Loomis Sayles Growth | Loomis Sayles vs. Diamond Hill Large | Loomis Sayles vs. Loomis Sayles Growth | Loomis Sayles vs. Diamond Hill Large |
| Issachar Fund vs. Morningstar Global Income | Issachar Fund vs. Ab Global Risk | Issachar Fund vs. Gamco Global Opportunity | Issachar Fund vs. Gmo Global Equity |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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